General Abdul Razeq Al-Nathouri, the National Security Adviser, chaired an extensive meeting with a group of economic and financial experts. The core purpose of the gathering was to deliberate on mechanisms and means of strengthening the nation’s economic and financial security.
Attendees discussed enhancing the electronic payment system used in commercial transactions, while exploring necessary measures to address the foreign currency exchange rate and promote desired financial stability.
The agenda also included a review of the draft Economic Crimes Law and the proposed Hoarding of Money Law, both of which are expected to be issued shortly by the House of Representatives.
Concluding the session, participants stressed the crucial importance of establishing clear criteria and controls for granting financial credits. They affirmed that such an action is essential to ensure the return of disbursed funds to the banking system, thereby rebuilding public confidence in the national banking sector.
